Charts of the day – 8th March, 2018

After consecutive five days fall PTC India Ltd takes the support from its 90 level. This level has been tested by the stock three times for last one year.Today the stock break its Support Level but able to close above the Support Zone with significantly high volume.The Stochastic indicator is in its Oversold level and it is carrying a positive divergence for the stock.

This is the third time is testing this blue marked support level. For the last one month the stock was trading in a consolidated zone of 1134.65 to 1299.90.Today the stock breaks its last swing low but able to close above that level. In case momentum indicator RSI is showing a positive divergence in the chart and MACD is above its signal line for last six trading days.

Asian Paints gave a partial Breakout today. For last few months the underlying trend of Asian paints was down but today with little bit of higher volume(Than previous trading day) it breached its last swing high. MACD indicator showing positive Crossover and Stochastic is able to close above its oversold level.

Trent Ltd with massive volume breaches its last Resistance level today. For last two weeks the stock has no mention-able movement but in the today’s trading session the stock breaks its consolidated zone by making a Green Candle. In case of momentum indicator MACD it is in a phase of positive Crossover and RSI touches its level 60.

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